Word: medians
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Dates: during 2000-2009
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...Work Longer" finds that having a workforce that continues a few years beyond the traditional retirement age is the only way for boomers to prevent a decline in their standard of living and not drag down U.S. economic growth. The report estimates that a two-year increase in the median retirement age - from 62.6 to 64.1 over the next decade - would add nearly $13 trillion to real U.S. GDP during the next 30 years while reducing by half the number of boomers who would find themselves without enough money for retirement. Two-thirds of older boomers have not prepared sufficiently...
...salary will not be released until this spring. In 2006-2007, Ivy League presidents earned between $1—former University President Derek C. Bok forewent a salary during his interim term—and $1,411,894, taken home by Columbia University’s Lee C. Bollinger. Median pay and benefits for the heads of 184 public research universities was $427,400 in the 2007-2008 academic year, up 7.2 percent from the year before. Ohio State University’s E. Gordon Gee, whose $310,000 bonus announced earlier this month brought his total compensation for last...
...More strikingly, Proposition Two’s support transcended class and racial lines. Proposition two received one of its largest margins of victory in Los Angeles county, where less than a third of the population is white and the median Household income is $7,000 lower than the California state average. And in San Bernardino county, heavily hit by home foreclosures, the vote was still strongly in favor...
...evidence that the housing market is lifting its head off the deck, even as foreclosures continue to pile up and prices edge downward. Properties are at least moving again there, many at 30% to 40% off even last year's lowered prices. "In Los Angeles, one year ago, the median home price was $582,450; this September, it was $376,790," says Leslie Appleton-Young, chief economist for the California Association of Realtors. That may sound awful, particularly if you're the seller, but it may represent a clearance level - i.e., prices low enough to draw buyers - which the market...
...similar story in California, where the median price for houses dropped 41% in a year, according to the California Association of Realtors. In the Los Angeles area, the outlying suburbs of San Bernardino and Riverside have been hit the hardest due to the high number of homes owned by marginal and subprime borrowers. As a consequence, sales of distressed properties are up significantly. Also in the Los Angeles area, housing sales were up 83% in September over the prior year, with distressed properties notably contributing to the surge. "We're seeing a significant increase in sales activity over the last...